1st Quarter 2021 Highlights from Company Earnings Release:
- Reports 1Q21 earnings per diluted common share of $6.39 on a GAAP basis, $7.67 on an Adjusted basis
- Updates FY 2021 EPS guidance to a range of $19.62 to $20.12 on a GAAP basis, reaffirms $21.25 to $21.75 on Adjusted basis; while acknowledging the continued heightened uncertainty surrounding the ongoing pandemic
- Reaffirms FY 2021 expected individual Medicare Advantage membership growth range of approximately 425,000 to 475,000 members
- Reflects solid performance across each of the company’s segments, fueled by strong individual Medicare Advantage and state-based membership growth and improved profitability in the Group and Specialty and Healthcare Services segments
Medicare Advantage (Individual + Group MA) membership of 4,848,000 as of the 1st quarter, a 272,100 increase compared to the end of the 4th quarter 2020 and 402,500 increase from 1st quarter 2020.
Medicare Supplement lives of 328,100 as of the 1st quarter 2021, an decrease of 7,500 lives compared to end of the 4th quarter 2020 and an increase of 14,100 compared to the prior year 1st quarter.